The AN-ACC funding structure requires a different approach than ACFI. It is considered better for providers as it will provide a more equitable funding outcome that matches residents’ needs with the costs of care delivery.
The 3 components of AN-ACC
In the AN-ACC model, providers receive three components:
- A fixed component
- A variable component
- A one-off adjusted payment
Before a resident can be admitted, a provider will bear an element of fixed costs in operating a service. Above the fixed costs, providers are then faced with a range of variable costs. These will change in proportion to the level of care activity, and/or the number of residents a facility manages.
The three of these components represent the total payment provided.
The price the industry receives is set and managed through a mechanism referred to as the NWAU – National Weighted Activity Unit. This is a measure of health service activity which can be expressed as a unit / number against the fixed and variable components.
In this short video, Rob will step through each of the funding components of AN-ACC in more detail.
Maintain funding momentum by preparing for the AN-ACC transition
The AN-ACC funding model will bring several important changes to your finances, people, processes, data, and systems. Our team has been focused on the aged care sector for over a decade and we bring this experience, coupled with the combined experiences of our clients, to help you plan for these changes.
Find out about our transition support service
Need support with a rostering platform that is ready for AN-ACC?
Our Mirus Works! workforce management software is a comprehensive rostering tool that provides real-time data and award interpretation which helps reduce unplanned overtime costs, saves you time managing rosters and enables a more engaged, more connected workforce.
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For more information on AN-ACC, visit our AN-ACC Resources Hub.
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